{"id":109097,"date":"2020-11-27T16:59:12","date_gmt":"2020-11-27T23:59:12","guid":{"rendered":"http:\/\/www.lankaweb.com\/news\/items\/?p=109097"},"modified":"2020-11-27T16:59:12","modified_gmt":"2020-11-27T23:59:12","slug":"professionals-quash-chicken-brained-mangalas-budget-criticisms-part-ii-2","status":"publish","type":"post","link":"https:\/\/www.lankaweb.com\/news\/items\/2020\/11\/27\/professionals-quash-chicken-brained-mangalas-budget-criticisms-part-ii-2\/","title":{"rendered":"Professionals Quash chicken-brained Mangala&#8217;s Budget criticisms Part II"},"content":{"rendered":"<h2><span style=\"color: #0000ff;\"><em><strong data-rich-text-format-boundary=\"true\">By : A.A.M.NIZAM \u2013 MATARA.<\/strong><\/em><\/span><\/h2>\n\n\n<p><strong>Unlike the olden days the modern budgets need to\nconcentrate more on the development of digital and the distance learning\nfacilities and only by which our future generations will be capable to be\ncompetitive to stand shoulder to shoulder with the people of other\ncountries.&nbsp;&nbsp; Fotnnately we have elected a\nPresident who has a wide knowledge on this subject and his vision is to enhance\nIT and digital facilities to cover all aspects of life in this country.&nbsp; Accordingly the Prime Minister has performed\nhis task very well in presenting his budget giving more preference&nbsp; to the development of the IT sector, which\nhas received much accolades from all those in the modern IT world.&nbsp; Their views and opinions continue: <\/strong><\/p>\n\n\n\n<p><strong>Indirect boost to IT\/BPM<\/strong><\/p>\n\n\n\n<p>The Budget aims to create\ndigital governance using Information Technology and the establishment of an\ninternational e-commerce and e-payment systems, the high-speed data exchange\nsystem and the related mobile network systems are investment priorities\u201d. This\nwould offer many opportunities for the IT\/BPM industry to be partners.<\/p>\n\n\n\n<p>The proposed techno parks could\nbe a boost to the electronics industry as well as businesses engaged in the\nInternet of Things (IoT).<\/p>\n\n\n\n<p>It is proposed to provide loans\nof Rs. 500,000 at an interest rate of 4% as start-up capital to support the\nyoung men and women, who start their own businesses on the successful\ncompletion of vocational education. This loan scheme will have a grace period\nof one year for both principal and interest, with a further four years to\nsettle the loan. This will help encourage entrepreneurship which will benefit\nthe IT\/BPM industry as well any business today has some level of IT\/BPM\ninvolvement.<\/p>\n\n\n\n<p><strong>Summary<\/strong><br>\n<br>\nThis appears to be a dream budget for the IT\/BPM industry.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>BOI to target more strategic investments with tremendous\nopportunities provided by Budget<\/strong><\/h4>\n\n\n\n<p>The Board of Investment of Sri\nLanka (BOI) said it will target more strategic investments following the\ntremendous opportunities provided by 2021 Budget. <\/p>\n\n\n\n<p><br>\nBOI trusts that incentives are part of the landscape of the investment strategy\nto attract sustainable investments, as they are often a decisive factor in\ninvestment decision-making.&nbsp;<br>\n<br>\nCombined with the more obvious hard infrastructure offerings, locational\nbenefits, sound legal framework and access to talent pools, investment\nincentives are another important piece of the puzzle to attract investments,\nwhich could also open doors to other economic benefits including technology\nclusters, skills development and linkage to global value chains,\u201d BOI Director\nGeneral Sanjaya Mohottala said. He emphasized With the incentives offered to\ninvestors by the 2021 Budget along with the endorsement by the Government for a\nconsistent policy environment, has fulfilled the aspirations of BOI as the\nnational investment promotion agency,\u201d <br>\n<br>\nHe said Now BOI has much to play with when it comes to enticing investors with\ndiscretionary dollars and much to gain by attracting top-notch investors to\nestablish in the country, which would provide anticipated economic and social\nbenefits,\u201d <\/p>\n\n\n\n<p>He has pointed out that some of\nthe new openings for investments introduced in the 2021 Budget include five\nfully-fledged plug and play Techno Parks in Galle, Kurunegala, Anuradhapura,\nKandy and Batticaloa districts; investments in the pharmaceutical sector\n(products and medical devices) in the dedicated state-of-the-art investment\nzone in Hambantota; investments in textile manufacturing in the textile zone in\nEravur; Investments in floating solar plants and Investment opportunities under\nthe SDP Act. <\/p>\n\n\n\n<p>Apart from those, Mohottala said\nan array of benefits, including exemptions from Customs Duty, VAT, PAL, CESS,\netc., are available for the right investment, depending on the sector of\ninvestment and its market orientation.&nbsp;<\/p>\n\n\n\n<p>Furthermore, benefits continued\nunder the Inland Revenue Act No.24 of 2017: CIT exemptions for farming\nincluding agriculture, livestock and fish farming with effect from 1 April\n2019; CIT exemption for Information Technology and enabling services, with\neffect from 1 January; CIT exemption for income earned from services rendered to\npersons outside Sri Lanka including foreign sourced earnings in foreign\ncurrency; Dividend Tax exemption for dividends paid by a resident company to\nany non-resident person and dividends distributed by Commercial hub Enterprises\nwith effect from 1 January; and CIT exemption for Income derived by any\nnon-resident person from laboratory services or standards certification\nservices, with effect from 1 January.<br>\n<br>\nExemptions continued under VAT (Amendments to VAT Act No.14 of 2002) include:\nsale of condominium housing units from VAT with effect from 1 December 2019; IT\nand enabling services with effect from 1 January; reduced VAT of 8% other than\nfinancial services with effect from 1 December 2019; quantities\nsupplied\/donated of health protective equipment and similar products by\nexport-oriented BOI companies to the Ministry of Health and Indigenous Medical\nServices, Department of Health Services, Tri-Forces and Police on their\nrequest; and reduction of piece-based VAT rate applicable on domestic sale of\ncertain garments by the export-oriented BOI companies from Rs. 100 to Rs. 25,\nhe said.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>CSE\nwelcomes Budget 2021 directed at developing the capital market<\/strong><\/h4>\n\n\n\n<p>The Colombo Stock Exchange\n(CSE) welcomed the progressive capital market related proposals presented in\nthe 2021 Budget Proposals.<\/p>\n\n\n\n<p>It said &nbsp;long-term sustainable measures have been\nproposed to encourage companies to list on the CSE, encourage savings and\ninvestments among Sri Lankan citizens and improve the attractiveness of Real\nEstate Investment Trust (REITs) through tax concessions.<\/p>\n\n\n\n<p>As a measure of promoting\nnew listings on CSE a 50% tax concession for the years 2021\/2022 has been\nproposed to be granted for companies listing on the CSE before 31 December 2021\nand to maintain a corporate tax rate of 14 percent for the subsequent three\nyears upon listing.<\/p>\n\n\n\n<p>Stock market investment\nwill continue to be exempted from Capital Gains Tax and as an additional\nmeasure to encourage stock market investment, the Government has proposed to\ninclude investments made in shares of listed companies incurred up to\nRs.100,000 per month as deductible expenditures in the calculation of personal\nincome tax.<\/p>\n\n\n\n<p>In a measure that would\nlargely improve the attractiveness of REITs investment, the government has\nproposed to exempt such investments from capital gains tax and dividends free\nfrom income tax. The proposal further seeks to reduce the Stamp Duty applicable\nto real estate transaction associated with REITs to 0.75 percent (from the\ncurrently applicable 4% for property transactions). The CSE, working with the\nSecurities and Exchange Commission of Sri Lanka, introduced REITs as a new\ninvestment product on the CSE earlier this year.<\/p>\n\n\n\n<p>CSE Chairman\nDumith Fernando commenting on the proposals stated CSE is pleased to learn of\nthese progressive proposals and we applaud the commitment of the Sri Lankan\ngovernment to promote capital market development in the country. The tax\nconcessions proposed to draw in stock market investments and encourage\ncompanies to explore a public listing will most certainly complement our\nefforts to develop a larger listed company base.<\/p>\n\n\n\n<p>CSE CEO Rajeeva\nBandaranaike stated The tax concession offered to companies listing on CSE by\n2021 will offer financial benefits to companies and extra impetus to pursue a\nlisting. This proposal offers vital policy support to expedite new listings in\nthe market and greatly complements measures taken by CSE to expand listing\nrules to attract more companies and streamline the listing process. We believe\nCSE as a result is well-placed to attract new listings in 2021.\u201d<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Apparel industry hailed the Budget expressing confidence of\nrecovery from 2021 <\/strong><\/h4>\n\n\n\n<p>The Joint Apparel Association\nForum (JAAF) expressed confidence in revival of the country\u2019s biggest export\nsector next year onwards aided by policy direction and support outlined in the\nBudget 2021 as well as recovery in key markets post-COVID-19.&nbsp;<\/p>\n\n\n\n<p>We made submissions to the\nGovernment and most of our proposals have been incorporated in the Budget 2021.\nWe are pleased to see such policy direction at this critical time for the\nexport oriented industries,\u201d JAAF Secretary General Tuli Cooray told the Daily\nFT.<\/p>\n\n\n\n<p>Although the industry took a\nharsh blow from COVID-19 which wiped out close to $ 1 billion in turnover,\nCooray said resilience has always been the cornerstone for the apparel\nindustry.<\/p>\n\n\n\n<p>History has amply proved that\nSri Lanka is a resilient nation and the apparel industry remains to be a major\ncontributor. At the moment we are not thinking of revisiting our targets, but\nwe all know that it has been a very challenging year for the entire world. In\nthat context, we will probably see a decline in our total exports by 25% to 30%\nthis year just over $ 4 billion. But it is with great confidence I say the\napparel sector will come out of this crisis stronger than before,\u201d he said.<br>\n<br>\nSri Lanka last year earned $ 5.3 billion from apparel exports, an increase of\n5.1% from 2018. Prior to the COVID-19 pandemic the industry originally expected\na 6% increase in exports for 2020.<br>\nExport earnings from apparel and textiles in October declined by 18.93 % to $\n356.52 million and by 21% to $ 3.6 billion in the first 10 months of 2020 from\na year earlier. Despite the decline in the sector, earnings from exports of\nother textiles increased by 43.92% in October 2020 in comparison to October\n2019,vthe JAAF spokesman said. <\/p>\n\n\n\n<p>Earnings from export of Personal\nProtective Equipment (PPE) related products increased by 46 % to $ 731.63\nmillion in January to October. The strong performance was mainly due to the\nincreased exports of other made-up articles (HS 630790) and articles of apparel\nand clothing accessories of plastics (HS 392620).<\/p>\n\n\n\n<p>Cooray said it was very\nchallenging as the industry markets remain closed, with the world still\ncontinuing to battle the impact of the virus. Many countries such as India,\nChina, Russia and the US are having very protective policies and not open for\ntrade,\u201d he added.<\/p>\n\n\n\n<p>Noting that the apparel industry\nis continuously looking for access to new markets, he highlighted that they\nwere exploring opportunities to open up trade dialogue with all existing and\nemerging markets. The UK, Japan and the US are currently reviewing unilateral\ntrade agreements and we are open to explore such opportunities given the\ncurrent circumstances,\u201d he said.<\/p>\n\n\n\n<p><strong>Boost for fabric manufacturing<\/strong><\/p>\n\n\n\n<p>Cooray also commended the timely\nmove to establish fabric processing park in Eravur, noting that it is a\nreflection of the Government\u2019s confidence in the apparel industry.<\/p>\n\n\n\n<p>The 2021 Budget announced tax\nconcessions up to a maximum of 10 years under the Strategic Development Law for\nover $ 10 million investment in setting up fabric plants.<\/p>\n\n\n\n<p>We stand firm even in the\ncurrent climate that it is our intention to continue to be a strong player in\nthe global apparel sourcing world. The establishment of the Eravur Fabric\nProcessing Park will help reduce the imports of fabric as apparel manufacturers\nwould be able to replace a part of their imported fabrics with fabric sourced\nlocally,\u201d he said.<\/p>\n\n\n\n<p>According to him, there are\ncurrently seven textile mills manufacturing fabric for the export-oriented\nsector and these mills are capable of producing the finest quality of fabrics\nwhere the daily output is around 175 MT.&nbsp;<\/p>\n\n\n\n<p>This is a vital component in the\nbuilding the industry value addition to over 52% even after accounting for the\nyarn imports of the local mills. Sales from these seven fabric mills to the BOI\nregistered apparel exporting companies amounted $ 499 million last year. In\n2019, Sri Lanka imported 255,437 MT of fabric both for the export-oriented\napparel manufacturers and for consumption in the local market. The import bill\nfor this fabric came to $ 2.2 billion.<br>\n<br>\n<strong>Worker sa<\/strong>ety<\/p>\n\n\n\n<p>With regards to work at apparel\nfactories, he said operations continue with strict health guidelines as the\nindustry remains a critical contributor to the sustainability of the economy.\nWe are a part of the society.&nbsp;<\/p>\n\n\n\n<p>Our workers\u2019 health and safety\nis our prime focus, as all our businesses rely on them. Despite the heavy\nlosses the industry incurred due to COVID-19, we have not neglected the welfare\nand job security of our workforce. We now incur an additional heavy cost for\nthe regular PCR tests, lodging facilities, transport because their lives\nmatter. Apparel industry largest overall employer,\u201d he said.<\/p>\n\n\n\n<p>Entirely privately owned and\noperated, the apparel industry have successfully utilised the opportunities in\nthe international market to evolve beyond traditional exports and tailoring\ndesigns to provide sophisticated and creative solutions through fashion BPO\nservices, research, development and innovation centres. Around 300 garment\nfactories employ 990,000 and over one million people are indirectly dependent\nor employed.<\/p>\n\n\n\n<p><strong>Budget\nendorses our Vision &#8211; ICTA<\/strong><\/p>\n\n\n\n<p>ddThis Sharing ButtonsShare to FacebookShare\nto TwitterShare to More<\/p>\n\n\n\n<p>Multiple proposals of \u2018Vision\n2024 for ICTA: A digitally transformed Sri Lanka\u2019 were echoed in the Budget\n2021 proposals, the maiden of the present Government, it was observed BT icta.<\/p>\n\n\n\n<p>In January 2021, the current\nadministration has charged the Information and Communication Technology Agency\nof Sri Lanka (ICTA) with implementing a detailed roadmap in line with President\nGotabaya Rajapaksa\u2019s vision to establish a digitally inclusive Sri Lanka, with\na citizen-centric digital Government for the convenience of every Sri Lankan.\nThe Budget 2021 proposals further endorses the initiatives within their road\nmap.<\/p>\n\n\n\n<p>&nbsp;<strong>Tech-based society\nand a smart nation<\/strong><\/p>\n\n\n\n<p>President Gotabaya Rajapaksa has\ngiven special attention to enhance digital governance using Information\nTechnology as a tool to simplify Government mechanisms as well as market\nstructures and processes ensuring efficient and people-focused service delivery\nand exchange of knowledge, says the Budget 2021 proposals.&nbsp;<\/p>\n\n\n\n<p>Establishment of an\ninternational e-commerce and e-payment systems, the high speed data exchange\nsystem and the related mobile network systems are investment priorities. It\nalso emphasised the establishment of new laws and organisational structures in\nrelation to data protection, cyber security and intellectual property\nrights.&nbsp;<\/p>\n\n\n\n<p>The aim of this is to convert\nSri Lankan economy as a technology-based entrepreneurial economy by expanding\nentrepreneurial development, technological infrastructure and related services\nto enable enhancement of the contribution of the technology sector for exports\nand its contribution for knowledge and professional services of the national\neconomy.<\/p>\n\n\n\n<p>Digital government, which makes\nup a large part of the ICTA\u2019s mandate, would empower citizens of Sri Lanka,\nallowing easy access to information that would help them in decision making,\nensure participation in governance at various levels, allow automated services\nfor public welfare and streamline government functions while ensuring\ntransparency.<\/p>\n\n\n\n<p>ICTA will also be the catalyst\nthat drives Sri Lanka\u2019s digital economy, which will facilitate industry\nexpansion and increased foreign direct investment, while creating opportunity\nfor startup innovation and entrepreneurship through capacity building and tech\ndiffusion. Preferred business and employment opportunities would open up for\nlocal companies and the country\u2019s technology industry would move steadily\ntowards the goal of becoming a $ 3 billion export earner by 2024.<\/p>\n\n\n\n<p>Though not explicitly mentioned\nin the Budget proposals, the other important pillar is digital society. The\nultimate goal of digital transformation is achieving a digital society. Both\ndigital government and digital economy must be citizen focused and citizen\ncentred \u2013 with due recognition given to the public.&nbsp;<\/p>\n\n\n\n<p>ICTA recognises this need in its\ndesign of the \u2018Vision 2024 for ICTA: A digitally transformed Sri Lanka\u2019 roadmap\nthat is entirely built around the citizens of the country, be they rich or\npoor, urban or rural and educated or not. The ultimate goal of ICTA\u2019s vision is\nto make even the \u2018poorest of the poor\u2019 sections of society benefit from ICTs in\nuplifting their living standards.&nbsp;<\/p>\n\n\n\n<p><strong>Tech parks&nbsp;<\/strong><\/p>\n\n\n\n<p>The Budget 2021 also proposes\ncreating a techno-entrepreneur-led economy that will contribute to increase of\nexports and foreign earnings from the technology field and broaden the\nknowledge and professional services to the national economy within the coming\ntwo years. It is expected that the establishment of technology-centred\ninvestments and allied service industries will transform into high income\nemployment opportunities for Sri Lankan youth. It is envisaged to establish\nfive fully-fledged plug and play techno parks in Galle, Kurunegala,\nAnuradhapura, Kandy and Batticaloa Districts. A sum of Rs. 10 billion has been\nallocated to develop these techno parks as eco-friendly new cities connected to\nthe expressway network and other infrastructure facilities.&nbsp;<\/p>\n\n\n\n<p><strong>Distance education<\/strong><\/p>\n\n\n\n<p>As the first step towards\neducational reforms, according to the Budget proposals, there is a requirement\nto formalise learning methodologies within schools, and the need to expand the\nprovision of internet facilities to schools as well. It is also necessary to\nupdate the E-Thaksalawa learning portal, created by Ministry of Education with\ninputs from ICTA, along with the strengthening of the provincial IT education\ncentres.To minimise the difficulties faced by students in rural and non\n\u2018national schools\u2019, due to shortage of teachers, and ensure the provision of\ncontinuous school education in the face of the COVID-19 epidemic, the \u2018Guru\nGedara\u2019 education channel should be made available to all students by providing\ntelevision sets to schools in difficult areas. It is proposed to allocate Rs. 3\nbillion to convert the syllabi in line with the contemporary requirements,\nregulation of teacher education and training, and examination procedures are\nplanned to be regulated under a national education policy.<\/p>\n\n\n\n<p>With the inevitable disturbances\nto normal life during the COVID-19 situation all over the country, one of the\nbiggest challenges to educators was to compensate the lost education by the\nstudents. With no means for students to meet their teachers face-to-face, the\nonly possible solution was through educating them by distant learning modes.\nThe Ministry of Education came forward with E-Thaksalawa\n(http:\/\/e-thaksalawa.moe.gov.lk) the official E-learning portal for schools\nwith learning content from Grade 1 to Grade 13 which has been made accessible\nto all students from March 2020, without data charges with the support of all\noperators enabling school children to study from.&nbsp;<\/p>\n\n\n\n<p>ICTA also facilitated Ministry\nof Education by introducing how distance learning can be adopted with live\nvideo conferencing in teaching and learning process for school children with\nits own newly-introduced video conferencing too, meet.gov.lk. What the Budget\nproposes is the continuation of the same for future in the \u2018Living with\nCOVID-19\u2019 situation expected for a relatively prolonged period now.&nbsp;<\/p>\n\n\n\n<p>&nbsp;<strong>Expanding tech\neducation opportunities<\/strong><\/p>\n\n\n\n<p>The Budget has also given\npriority to strengthening the island-wide network of new technological\nuniversities, by modernising the technical colleges to be attractive to Sri\nLankan youth, under the \u2018one TVET\u2019 concept within a formal regulatory\nframework, by converting these institutes into degree awarding entities in\nparallel to the expansion of opportunities for university education.<br>\n<br>\nCapacity building activities like these are the key in achieving the goal of\nmaking a Smart nation. ICTA is taking steps to build an empowered workforce who\ncan join the industry at multiple levels. ICTA will ensure the competency and\nemployability of the workforce through programs such as vocational training,\nfoundation and conversion programs and social education, apart from the\ntraditional tertiary, higher, professional and postgraduate education. Social\neducation will also play a key role in developing intelligent citizens with the\nskills to use citizen services.<\/p>\n\n\n\n<p>&nbsp;<strong>Electronic\nidentity<\/strong><\/p>\n\n\n\n<p>The Budget also allocates Rs. 3\nbillion for the new digital identity project to be spearheaded by ICTA jointly\nwith Department of Registration of Persons. Internationally governments are\nincreasingly adopting the strategy of having a unique digital identity for\ntheir citizens with the objective of improving service quality and efficiency.\nThat also drives financial and social inclusion by providing citizens access to\ncitizen services and benefits of healthcare, education, and other government programs.\nGovernment of Sri Lanka has given priority to a national level program for the\nestablishment of a Unique Digital Identity framework for the country.&nbsp;<br>\n<br>\nICTA has developed its digital government and economy frameworks with this aim\nin mind. The objective is to digitise the service delivery from the Government\nto citizens, creating nationwide digital service delivery infrastructure that\ncan be utilised digital public utilities serving and bridging all the sectors\nof the economy. UDI together with the National Data and Interoperability\nPlatform (NDIIP) forms the nucleus of the digital economy and Government\nframeworks.<\/p>\n\n\n\n<p>&nbsp;<strong>Healthcare<\/strong><\/p>\n\n\n\n<p>The Budget also allocates Rs.\n100 million to introduce electronic medical records at more Government\nhospitals. This is an extension to a project ICTA has been engaged in for the\nlast few years. The Digital Health Project is a collaborative project being\nimplemented by Ministry of Health and Indigenous Medical Services and ICT\nAgency of Sri Lanka. The project supported 49 Government hospitals in\nimplementing electronic medical records systems.&nbsp;<\/p>\n\n\n\n<p>A National Project Steering\nCommittee, Provincial Project Steering Committees and Hospital Steering\nCommittees were formed with the representatives of Ministry of Health,\nProvincial Departments of Health Services and ICTA to direct\/guide the project\nimplementation at different levels. The project provided computer hardware,\nsoftware, network and training for the selected hospitals to establish\nelectronic medical records systems.<\/p>\n\n\n\n<p>&nbsp;<strong>Nurturing tech\nstartups<\/strong><\/p>\n\n\n\n<p>The Budget proposals also\ninclude providing loans of Rs. 500,000 at an interest rate of, as low as, 4% as\nstart-up capital to support the youth, who start their own businesses on the\nsuccessful completion of vocational education. This loan will have a grace\nperiod of one year for both principal and interest, with a further four years\nto settle the loan.<\/p>\n\n\n\n<p>Accordingly, these entrepreneurs\nwill be facilitated to receive the opportunity to pay an instalment together\nwith interest less than Rs. 12,000. In order to ascertain that the said loans\nare invested on the approved business, an annual commitment fee of 0.25% will\nbe charged for follow up and extension services. It is proposed to give tax\nexemptions of five years to these businesses and the cost of funds of funds\nprovided for such start-up capital, provided by banks and finance agencies as\ndeductible expenditure in the calculation of taxes.<\/p>\n\n\n\n<p>ICTA, over a long period, has\nbeen working assisting start-ups to establish themselves in the local ecosystem.\nStartup Sri Lanka was an initiative by ICTA with the former Ministry and\nstartup community. Its mission is to transform Sri Lanka through technology and\nentrepreneurship. ICTA is working to support the tech community and accelerate\nthe growth of Sri Lankan startups with the belief that strong home-grown\nstartups and freelance community is vital to the future growth of Sri Lankan\njobs and wealth.&nbsp;<\/p>\n\n\n\n<p>ICTA\u2019s efforts are focused on\ntrying to get the big picture right for Sri Lankan startups and freelancers \u2013\nimproving the regulatory environment, building a case for the right sort of\nGovernment support for a fast-growing sector, and increasing public awareness\nof the impact of tech startups and freelancers across the country. ICTA works\nwith startups, freelancers and investors to help around the country get the\nsettings right to create successful startup ecosystems.<br>\n<br>\nICTA recently worked together with Ministry of Finance in establishing\nguidelines for State organisations to exclusively procure their software and\nhardware requirements less than Rs. 2 million from local startups\n\nWe need to end the era of sending our mothers, sisters and daughters as\ndomestic workers, and sending our brothers and children as unskilled workers,\ndrivers, room boys and white color workers to foreign countries and enhance our\nfuture generations as highly digitasl\/IT knowledge based personalities who can\nbecome a beacon to the future world. The Budget has done its part very well and\nit is now the student population to grab the opportunities it has presented. \n\n\n\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By : A.A.M.NIZAM \u2013 MATARA. Unlike the olden days the modern budgets need to concentrate more on the development of digital and the distance learning facilities and only by which our future generations will be capable to be competitive to stand shoulder to shoulder with the people of other countries.&nbsp;&nbsp; Fotnnately we have elected a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[],"class_list":["post-109097","post","type-post","status-publish","format-standard","hentry","category-aamnizam"],"_links":{"self":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/109097","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/comments?post=109097"}],"version-history":[{"count":0,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/109097\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/media?parent=109097"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/categories?post=109097"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/tags?post=109097"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}